Signs point to Point Henry Alcoa plant closure soon: AWU

The Australian Workers Union expressed fears over the
weekend that Alcoa may shut its Point Henry refinery sooner rather than later.

Fairfax reports

 that, as well as not seeking additional
government support for the Geelong refinery, Alcoa has stopped its negotiations
for smelter’s power supply. The current deal for energy ends on June 30.

”I think those two pieces
of news, plus all the commentary around it, are nails in the coffin for Point
Henry,” said Ben Davis from the AWU.

”It implies a shorter closure time rather
than a longer one.”

It was reported last week that Alcoa, which received

$40 million from the federal and state governments in 2012

to keep the smelter open
until this year, would not be seeking further taxpayer assistance.

Australian producers of aluminium have suffered from weak prices
due to China’s high production volumes, as well as by Australia’s high dollar.

Job losses related to the plant’s closure would be about 500.

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